Weakness in China economy gives Beijing incentive for trade deal: Trump

US President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work towards a deal.

“I think that gives them a great incentive to negotiate,” Trump told reporters at the White House.

The comments by the US President have come ahead of the meeting between the negotiators of the two countries in Beijing.

The officials of the two countries will meet for the first US-China face-to-face trade talks since the presidents of the two countries met in December and agreed on a 90-day truce in the trade war.

Trump has slapped import tariffs on hundreds of billions of dollars of Chinese goods as he seeks concessions from Beijing on issues ranging from industrial subsidies to hacking. China has retaliated. The tit-for-tat tariffs have disrupted trade, hurt manufacturing, roiled international markets and slowed the global economy.

While Trump and other officials have said talks between the two sides are progressing well, they have given no details on concessions that China has made. Some US demands would require structural reform that may be unpalatable for Chinese leaders. China would deepen reform but will not yield on issues it deems to be its core national interests, a commentary in the ruling Communist Party‘s official newspaper said on Wednesday.

(With inputs from agencies)